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Stock Market & Financial Investment News

News Breaks
December 28, 2012
11:03 EDTSCHWSchwab says no capital gains distributions from any Schwab ETF fund in 2012
Charles Schwab announced that there will be no capital gains distributions in 2012 by any of the funds in the Schwab ETF family. "We are extremely pleased to be able to deliver this tax efficiency to the growing number of clients who invest in ETFs, and consider it another of the important benefits that Schwab ETFs offer investors," said Charles Schwab VP of product management John Sturiale.
News For SCHW From The Last 14 Days
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July 23, 2014
07:45 EDTSCHWSEC to approve money fund rules with exemptions for discount brokers, WSJ says
New money-market mutual fund rules that are expected to be approved at a Securities and Exchange Commission meeting on Wednesday will exempt discount brokers like Charles Schwab (SCHW) from some provisions, reported The Wall Street Journal. Under the SEC's planned rules, "prime" money funds that are held by corporations and institutional investors will have to abandon a fixed $1-a-share price and float in value like other mutual funds, according to the report, citing people familiar with the matter. Analysts said Schwab and other large money-fund sponsors, Vanguard and Fidelity, would do well under the plan, according to the report. Blackstone (BX) also offers money-market mutual funds. Reference Link

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